Fourth Quarter Comp Sales Up 10.8%
2006 Annual Comp Sales Up 12.2%

LOS ANGELES, Jan. 4 /PRNewswire-FirstCall/ -- Guess?, Inc. (NYSE: GES) today reported that total December retail sales for the month ended December 31, 2006 reached $118.4 million, an increase of 14.5% from sales of $103.4 million for the month ended December 31, 2005. For the fiscal December 2006 period, sales for stores open more than one year increased 13.0%. The Company noted that fiscal December 2006 included 36 days compared to 35 days in the December 2005 fiscal period.

Comparable store sales for the December 2006 period based on the NRF fiscal calendar (NRF comparable store sales), which included 35 days in both periods, increased 9.6%. This increase follows an increase of 17.5% for the December 2005 period. Sales for the December 2006 period were driven by a larger percentage of full price sales as compared to the prior-year period.

For the fourth quarter ended December 31, 2006, total retail sales increased 15.8% to $239.8 million compared to $207.1 million for the fourth quarter of 2005. NRF comparable store sales increased 10.8% during the fourth quarter of 2006.

For the fiscal year ended December 31, 2006, total retail sales increased 17.6% to $720.5 million compared to $612.9 million for the prior fiscal year. NRF comparable store sales increased 12.2% for the 2006 year.

As previously announced, going forward the Company will provide comparable store sales only on a quarterly basis, in conjunction with its regularly scheduled quarterly earnings releases.

Guess?, Inc. designs, markets, distributes and licenses a lifestyle collection of contemporary apparel, accessories and related consumer products. At December 31, 2006 the Company owned and operated 336 retail stores in the United States and Canada. The Company also distributes its products through better department and specialty stores around the world. For more information about the Company, please visit www.guessinc.com.

Contact:
Carlos Alberini
President & Chief Operating Officer
(213) 765-3582

Dennis Secor
SVP & Chief Financial Officer
(213) 765-3289

Joseph Teklits
Integrated Corporate Relations
(203) 682-8258

SOURCE Guess?, Inc.
01/04/2007

CONTACT: Carlos Alberini, President & Chief Operating Officer,
+1-213-765-3582, or Dennis Secor, SVP & Chief Financial Officer,
+1-213-765-3289, both of Guess?, Inc.; or Joseph Teklits of Integrated
Corporate Relations, +1-203-682-8258, for Guess?, Inc.
Web site: http://www.guessinc.com
(GES)